Nonprofit · EIN 51-0349405
TOWLE INSTITUTE
Tax-exempt · HOCKESSIN, DE 19707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $130,652 | $121,197 | $9,455 | $53,146 | $1,967 | $51,179 |
| June 30, 2024 | 990-EZ | $98,572 | $112,210 | -$13,638 | $43,256 | $1,366 | $41,890 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $121,074
- Investment income
- $34
- Other revenue
- $9,544
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $42,225
- Salaries, compensation and benefits (total)
- $77,794
- Professional fees and payments to contractors
- $1,000
- Occupancy
- $5,000
- Printing, publications and postage
- $1,586
- Other expenses
- $35,817
- Program services (functional)
- $121,197
Balance sheet and other
- Total assets, start of year
- $43,306
- Total assets, end of year
- $53,146
- Total liabilities, end of year
- $1,967
- Net assets, end of year
- $51,179
- Cash, savings and investments
- $53,146
- Gross receipts
- $130,652
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thankful M Slaten | Principal & Exec Dir | 25 | $23,550 |
| Sara Chick | Board Member. Bookkeeper & Teacher | 10 | $11,550 |
| Lori Hickman | Secretary & Teacher | 6 | $6,125 |
| Roger S Todd | Treasurer | 2 | $1,000 |
| Michael R Slaten | President | 2 | $0 |
| Andy Bradford | Board Member | 1 | $0 |
| Tim McHugh | Board Member | 1 | $0 |
990-EZ for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kathleen E Todd | Principal & Exec Dir | 25 | $21,733 |
| Sara Chick | Board Member. Bookkeeper & Teacher | 9 | $10,000 |
| Lori Hickman | Secretary & Teacher | 7 | $7,525 |
| Roger S Todd | Treasurer | 2 | $1,041 |
| Amanda Hall | Board Member & Teacher | 1 | $150 |
| Michael R Slaten | President | 1 | $0 |
| Tim McHugh | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1512 BRACKENVILLE RD, HOCKESSIN, DE 19707-9525
- Signed the 990-EZ
- Roger Todd, Treasurer
- Phone
- (302) 933-1408
- Website
- www.towleinstitute.com
Mission
Christian based secondary school
Program accomplishments
- Supported 32FT, 13PT. and 20 Elementary enrolled students and their parents by providing Christian based educational services and resources. Teachers & staff salaries, payroll taxes, rent, insurance, copier, curriculum and supplies.Expenses $121,197
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 51-0349405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20Z)
- Assets (IRS master file)
- $53,146
- Income (IRS master file)
- $130,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $130,652 | $121,197 | $53,146 | XML |
| 990-EZ | June 2024 | $98,572 | $112,210 | $43,256 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0349405).
Questions about TOWLE INSTITUTE
- What is the EIN of TOWLE INSTITUTE?
- The employer identification number (EIN) of TOWLE INSTITUTE is 51-0349405.
- Is TOWLE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to TOWLE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TOWLE INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TOWLE INSTITUTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TOWLE INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of TOWLE INSTITUTE?
- The 990-EZ for the year ended June 30, 2025 lists 7 people; 4 received compensation from the organization, the highest $23,550 (Thankful M Slaten, Principal & Exec Dir).
- How much revenue does TOWLE INSTITUTE have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $130,652, expenses of $121,197 and total assets of $53,146 at year end.
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